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Green technology

Reliance Infrastructure Secures Major Contract for 390 MW Solar Power Project and 780 MWhr BESS in India

Strategic Insights

— 1 min read

Reliance Infrastructure, a leading player in the Indian energy sector, has taken a significant step in expanding its clean energy portfolio by securing a Letter of Award from NHPC for a 390 MW solar power project and a 780 MWhr battery energy storage system (BESS). This project, with a winning tariff of Rs 3.13/kWh, stands out as one of the most attractive pricing proposals within India's energy transition sector. The contract is part of a broader 1,200 MW solar + 600 MW/2,400 MWh BESS tender floated by NHPC, which was four times oversubscribed, drawing broad industry interest. This win contributes to Reliance Group's standing as a dominant player in the integrated Solar + BESS market.

Key Takeaways:

  • Reliance Infrastructure has secured a Letter of Award from NHPC for a 390 MW solar power project and a 780 MWhr BESS, expanding its clean energy portfolio.
  • The project has a winning tariff of Rs 3.13/kWh, making it one of the most attractive pricing proposals in India's energy transition sector.
  • The Reliance Group's renewable energy portfolio now stands at nearly 2.5 GWp of solar and 2.5 GWhr of BESS, with a planned expansion to 3 GWp and 3.5 GWhr respectively.
  • The NHPC tender, which was four times oversubscribed, demonstrates the growing interest in solar power and BESS solutions in India.
  • The project is part of the Reliance Group's strategic expansion in new energy solutions, contributing to its position as a leader in integrated Solar + BESS solutions.
  • The Reliance Group already boasts a clean energy capacity of nearly 2.5 GWp and 2.5 GWhr, and this project is expected to enhance the company's clean energy pipeline.

Statistics:

  • 390 MW solar power project capacity.
  • 780 MWhr battery energy storage system (BESS) capacity.
  • Winning tariff of Rs 3.13/kWh.
  • Reliance Group's renewable energy portfolio: 2.5 GWp of solar and 2.5 GWhr of BESS.
  • Planned expansion to 3 GWp and 3.5 GWhr respectively.
  • NHPC tender: 1,200 MW solar + 600 MW/2,400 MWh BESS.

Sources:

  • Global Data Point, 2022.
  • Reliance Group press release.
  • NHPC tender documentation.

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